Interested in a PLAGIARISM-FREE paper based on these particular instructions?...with 100% confidentiality?

Order Now

Bramble Corp. factors $3100000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments. Bramble estimates the fair value of the recourse liability at $320000. What would be the debit to Cash in the journal entry to record this transaction?

Bramble Corp. factors $3100000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments. Bramble estimates the fair value of the recourse liability at $320000. What would be the debit to Cash in the journal entry to record this transaction?

Interested in a PLAGIARISM-FREE paper based on these particular instructions?...with 100% confidentiality?

Order Now